Quick update on $BNB .
We dropped straight from $960 to $570 in just a few weeks.
Now we're bouncing back to $646, and it looks like we're building momentum.
The 7 and 25 EMAs have already turned green, so things are starting to shift.
The 99 is still a long way off at $759, so the underlying trend remains bearish for now… but I bet it's going to break soon.
The pattern screams V-bottom: bounce candles, volume providing protection at the bottom.
My current levels:
•Solid support: 624-570$
• Resistance: 649 then 721$, and the real green light is a clean break above 759$.
If we hold, I see a comfortable 800-950 by this summer, and 1200+ next year within the cycle.
Personally, I've been doing my dollar-cost averaging (DCA) since 615-630 and I'll add to it on the next pulls or directly on the breakout.
The risk/reward ratio is just enormous right now. The worst is clearly behind us; we're in the middle of a classic accumulation phase before the bullish leg.
What's your position with BNB? Are you also accumulating or waiting for the breakout?
#bnb
We dropped straight from $960 to $570 in just a few weeks.
Now we're bouncing back to $646, and it looks like we're building momentum.
The 7 and 25 EMAs have already turned green, so things are starting to shift.
The 99 is still a long way off at $759, so the underlying trend remains bearish for now… but I bet it's going to break soon.
The pattern screams V-bottom: bounce candles, volume providing protection at the bottom.
My current levels:
•Solid support: 624-570$
• Resistance: 649 then 721$, and the real green light is a clean break above 759$.
If we hold, I see a comfortable 800-950 by this summer, and 1200+ next year within the cycle.
Personally, I've been doing my dollar-cost averaging (DCA) since 615-630 and I'll add to it on the next pulls or directly on the breakout.
The risk/reward ratio is just enormous right now. The worst is clearly behind us; we're in the middle of a classic accumulation phase before the bullish leg.
What's your position with BNB? Are you also accumulating or waiting for the breakout?
#bnb